Remove Bots Remove Credential Remove Fraud Detection
article thumbnail

Deep Dive: QSRs Leverage AI To Fight ATOs And Credential Stuffing

PYMNTS

Many chains have thus been turning to fraud detection programs driven by artificial intelligence (AI) to make the most of their limited prevention resources, leveraging various techniques to stop bad actors’ advances. Many QSRs and third-party ordering apps are thus already using these tools to enhance their fraud detection procedures.

article thumbnail

Kount Named No. 1 eCommerce Fraud Detection Solution

PYMNTS

Digital-fraud-protection company Kount said Thursday (May 28) that Mercator Advisory Group has named it the best eCommerce Fraud Detection Solution from among more than 40 products ranked.

article thumbnail

Buguroo To Use $11M Funding Round For ML-Driven Fraud Detection

PYMNTS

Their technology is designed to recognize illicit activity that comes from either human cybercriminals or bots. Buguroo looks not only for new account fraud (NAF), but also fraud that is perpetrated when someone gains access to the system using stolen credentials.

article thumbnail

3 Ways Fintechs are Helping Financial Institutions Fight Fraud

Finovate

Built on the company’s Document Verification (DocV) solution, Selfie Reverification also detects signs of deepfaking, and readily identifies age discrepancies between the photo and the credential. “Identity verification isn’t a one-time event. Johnny Ayers is Socure’s founder and CEO.

article thumbnail

Anatomy Of An ATO: How To Spot A Fraudster

PYMNTS

When someone becomes a victim of ATO, they lose more than money and login credentials — they lose confidence. First, these attacks can have a rolling effect: Once a fraudster gains access to a consumer’s credentials at one eCommerce merchant, he holds the key to a potential myriad of other digital stores at which to exploit them.

Breach 50
article thumbnail

What Is Account Takeover Fraud (ATO)? Detection & Prevention

Seon

This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business. What Is Account Takeover Fraud? In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials.

article thumbnail

Meet the 18 Finalists for the 2024 Global Fintech Hackcelerator

Fintech News

Wimika’s solution, MoneyGuard, is a cyber fraud insurance solution that offers individual bank customers rapid reimbursement of lost funds within seven days. Powered by advanced fraud detection and seamless integration with financial institutions, it provides peace of mind and financial security against financial cyber fraud.

FinTech 97